Today’s issue of WorkCompRecap features Texas Workers’ Comp Commissioner Ron Bordelon’s recent testimony before the House Business & Industry Committee that declining workplace injuries and fewer claims for workers’ compensation benefits are leading to lower costs for employers. Bordelon also noted that the DWC has been able to reduce the maintenance tax on insurers that pays for DWC operations. Find out more by clicking here!
Also in the news today is the release of the fourth edition of Marsh’s Terrorism Risk Insurance Report, which confirmed that demand for terrorism insurance remains strong and that the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) has a significant role in making coverage available and affordable. Marsh noted that uncertainty over TRIPRA’s potential expiration at the end of the year is already impacting the availability and price of terrorism coverage, especially as it relates to workers’ compensation. Find out more by clicking here!